Click it and Unblock the Notifications
Rays of Belief Ltd. IPO
IPO Timeline
-
1 Sep 2026Bidding Starts
-
3 Sep 2026Bidding Ends
-
4 Sep 2026Allotment Finalization
-
8 Sep 2026Listing
About Rays of Belief Ltd.
Our Company is a For-Profit Social Enterprise providing intervention plans for children with Neurodevelopmental Disorders (“NDDs”). Such plans are personalised based on each child’s unique needs and condition severity. NDDs include Autism Spectrum Disorder (“ASD”), Attention-Deficit/ Hyperactivity Disorder (“ADHD”), Down Syndrome (“DS”), Cerebral Palsy (“CP”), Intellectual Disability (“ID”), Learning Disabilities (“LD”), and Global Developmental Delays (“GDD”).
The Company was founded, primarily to address key barriers related to NDDs in the behavioural health domain, including lack of awareness, limited access, inadequate quality of care and affordability. Accordingly, our intervention plans are prepared to empower parents and families to become co-therapists in their child’s developmental journey.
Based on number of centres, as of March 31, 2026, the Company ranks first (1st) in India in offering intervention plans for children with neurodevelopmental disorders (NDDs), and seventh (7th) globally among the listed players operating in a similar behavioural health domain. (Source: CARE Report, on page 64)
Our efforts have also been endorsed through recognitions such as being named among the most valued mother and child brands by the Times of India in 2020 and receiving the Innovative Practice Award from the Zero Project Selection Committee at the United Nations in Vienna in 2019.
Rays of Belief Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 23,53,500 (45%) |
| Non Institutional Investors | 7,84,500 (15%) |
| Qualified Institutional Buyers (QIBs) | 15,69,000 (30%) |
| Retail Individual Investors (RIIs) | 5,23,000 (10%) |
Rays of Belief Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 36.54 Cr | 5.88 Cr | 14.70 Cr |
| 31 Mar 2024 | 30.76 Cr | 85.30 Lakh | 5.47 Cr |
Rays of Belief Ltd. Background
-
2018Incorporated as Rays of Belief Private Limited.
-
2019Received the Zero Project Award under the category of “Breaking the Barriers” at the United Nations headquarters in Vienna, Austria. Our Founder and CEO, Nitin Bindlish, was invited to speak and delivered a keynote at the United Nations.
-
2021Introduced the “Pay As You Like” therapy model, allowing parents to access therapy services for as low as ?1 during the COVID period. Also launched Mind Belief, a corporate partnership program offering comprehensive mental health support to employees. Established the Mom’s Belief Pediatric Hearing Centre, a specialized facility offering advanced pediatric hearing care.
-
2022Launched MB School of Moms, a structured parent training program aimed at empowering mothers with the knowledge and skills to actively support their child’s development and therapy.
-
2023Initiated Partnership Centres, a strategic collaboration with pediatricians to aid the launch of new centres. Introduced Mom's Belief Care, an insurance plan designed specifically for parents of children with special needs. Launched 19 new centres across various locations. Formed a partnership agreement with The LEGO Foundation. Rolled out the Family Support Program (FSP) to further assist families of children with developmental needs.
-
2024Launched over 20 new centres. Introduced Early Intervention Centres (EICs) to expand outreach for early developmental support.
-
2025Launched 48 new centres across various locations. Converted from a private limited company to a public limited company. Accordingly, the name was changed from Rays of Belief Private Limited to Rays of Belief Limited.
-
2026Made the Company’s first overseas investment in the United States, resulting in the formation of a wholly owned subsidiary.
1. Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3 years) and associated technology (hardware) costs:
(i) Setting up new centres by our Company (“Company Learning Centres”) and our Company in partnership with Licensed Professionals (“Company Learning Centres in partnership with Licensed Professionals”);
(ii) Setting up new centres in collaboration with schools (“School Collaboration Centres”);
(iii) Setting up of new centres to drive research, innovation, and best practices in the domain of neurodevelopmental disorder (“Centre for Excellence and Research “/ “COER”);
(iv) Setting up of in-house training academies for continuous learning and professional upskilling (“Upskilling Academy”); and (collectively referred to as “New Centres”)
(v) Technology (hardware) costs.
2. Expenditure for lease payments for our existing centres in India.
3. Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA.
4. Expenditure for brand awareness and inclusive outreach programs.
5. Funding inorganic growth through unidentified acquisition and general corporate purposes.
1. Nitin Bindlish
2. Carving Futures Pte. Ltd.
Overview on Neurodevelopmental Disorders (NDDs)
Neuro-Developmental disorders (NDDs) represent a broad spectrum of conditions that disrupt typical brain development, leading to challenges in areas such as learning, behaviour, memory, emotional regulation, and communication. The aetiology of
...
Read more
Phone no:
FAQs
When does Rays of Belief Ltd. IPO opens and closes?
Rays of Belief Ltd. IPO opens from 1st September to 3rd September 2026.What is the size of Rays of Belief Ltd. IPO?
The size of the Rays of Belief Ltd. IPO is ₹125.00 Cr.What is the price range of Rays of Belief Ltd. IPO?
The price range of Rays of Belief Ltd. IPO is at ₹227 to ₹239 per share.What is the minimum investment and lot size required for the Rays of Belief Ltd. IPO?
The minimum investment required is ₹14,818 and minimum lot size is 62 shares.When is Rays of Belief Ltd. IPO listing date?
The Rays of Belief Ltd. IPO will be listed on 8th September 2026.What is the objective of Rays of Belief Ltd. IPO?
1. Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3 years) and associated technology (hardware) costs:(i) Setting up new centres by our Company (“Company Learning Centres”) and our Company in partnership with Licensed Professionals (“Company Learning Centres in partnership with Licensed Professionals”);
(ii) Setting up new centres in collaboration with schools (“School Collaboration Centres”);
(iii) Setting up of new centres to drive research, innovation, and best practices in the domain of neurodevelopmental disorder (“Centre for Excellence and Research “/ “COER”);
(iv) Setting up of in-house training academies for continuous learning and professional upskilling (“Upskilling Academy”); and (collectively referred to as “New Centres”)
(v) Technology (hardware) costs.
2. Expenditure for lease payments for our existing centres in India.
3. Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA.
4. Expenditure for brand awareness and inclusive outreach programs.
5. Funding inorganic growth through unidentified acquisition and general corporate purposes.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
Sign in with Google